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After Posting Rs 4,600 crore operating loss in 2018-19, Air India Aims Operating Profit This Fiscal

NEW DELHI: Air India posted an operating loss of around Rs 4,600 crore in the last financial year. The reasons attributed by its management are : – higher oil prices and – foreign exchange losses The debt-laden carrier expects to turn operationally profitable in 2019-20, as per its senior officials. Reflecting tough business conditions, the […]

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Air India moves quickly on 2nd sale bid, Ashwani Lohani calls unions on Monday

Mumbai: Acting quickly on the government’s second attempt to sell the financially-crippled national carrier Air India, its chief Ashwani Lohani has called a meeting of all the 13 unions Monday to discuss the terms of privatization, according to sources. The government Friday reiterated its intent to exit Air India with finance minister Nirmala Sitharaman stating […]

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